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Tenon Medical, Inc. Announces a Registered Direct Offering and Concurrent Private Placement Priced At-The-Market Under Nasdaq Rules

1. Tenon Medical raises $1.47 million via stock sale and warrants. 2. The offering is priced at $2.00 per share, at-the-market.

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FAQ

Why Bullish?

The capital raised may support product development and market expansion, potentially increasing sales. Companies often see stock price stabilization or growth following successful funding rounds.

How important is it?

The funding secures operational liquidity, which can lead to increased investor confidence and potential stock appreciation.

Why Short Term?

Immediate capital can enhance operational capabilities and market positioning. Positive market reactions to funding events can influence stock prices quickly.

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LOS GATOS, CA / ACCESS Newswire / March 25, 2025 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today announced it has entered into a securities purchase agreement with a single healthcare focused institutional investor for the issuance and sale of 733,500 shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules at a purchase price of $2.00. In a concurrent private placement (the "Private Placement" and together with the registered offering, the "Offerings"), the Company also agreed to issue to the same investor warrants to purchase up to 733,500 shares of its common stock (the "Common Warrants").

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